Government’s economic reform programme will stand a better chance of succeeding if Barbados continues under an International Monetary Fund (IMF) arrangement after the current one expires on September 30. As the country awaits an announcement from Government on the issue, its senior economic advisor Dr Kevin Greenidge said the IMF partnership was valuable in executing the initial Barbados Economic Recovery and Transformation (BERT) programme. His expectation was that the same …
WITH THE WINTER TOURIST season just two months away, one economist is warning that Barbados cannot afford to have gun violence derail what he believes will be a make-or-break season in terms of the country’s economic recovery. Professor Emeritus Michael Howard of the University of the West Indies said the revelation of what by all accounts is an ensuing “gang war” had the potential to be another spoke in the …
A respected economist agrees with the Democratic Labour Party (DLP) that the Government is using the Central Bank to print money, and he has warned that abusing the measure could spell danger for the economy.Former head of the Department of Economics at The University of the West Indies, Cave Hill Campus, Professor Emeritus Michael Howard said DLP president Dr Ronnie Yearwood was on point in charging that by using the Central Bank of Barbados to purchase its Barbados Optional Savings Scheme (BOSS) bonds, Government was essentially printing money.Dr Yearwood had said that as of November 2021, the Central Bank had purchased $120 million of the four-year bonds that offer an interest rate of five per cent per annum with the interest being paid in two half-yearly instalments.In an interview with Barbados TODAY, Howard agreed with Yearwood’s assessment.
Barbados' debt trap is real, says Wood - Barbados Today barbadostoday.bb - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from barbadostoday.bb Daily Mail and Mail on Sunday newspapers.
Paying back $800m in five years is unrealistic, says Howard barbadostoday.bb - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from barbadostoday.bb Daily Mail and Mail on Sunday newspapers.